THG (LON:THG) Trading Up 17.9% - Here's What Happened

Key Points

• THG Plc's shares surged 17.9% on Wednesday, reaching a peak of GBX 36.80, following significant trading volume of over 15 million shares, which was a 116% increase from the average.
• Wall Street analysts have mixed opinions on THG, with a consensus rating of "Hold" and a target price of GBX 44, while some analysts have assigned Buy and Sell ratings.
• THG reported a loss in its recent quarterly earnings, with a negative net margin of 11.77% and an anticipated EPS of -6.72 for the current year.

THG Plc (LON:THG - Get Free Report) shares shot up 17.9% during mid-day trading on Wednesday . The stock traded as high as GBX 36.80 ($0.50) and last traded at GBX 36.54 ($0.49). 15,462,978 shares were traded during mid-day trading, an increase of 116% from the average session volume of 7,146,688 shares. The stock had previously closed at GBX 31 ($0.42).

Wall Street Analysts Forecast Growth

Several research firms have issued reports on THG. Jefferies Financial Group cut their target price on THG from GBX 58 to GBX 55 and set a "buy" rating on the stock in a research note on Friday, September 12th. JPMorgan Chase & Co. lowered their price target on THG from GBX 28 to GBX 24 and set an "underweight" rating for the company in a report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 44.

THG Stock Performance

The firm has a 50-day moving average of GBX 30.83 and a two-hundred day moving average of GBX 29.79. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 75.19. The company has a market capitalization of £468.54 million, a PE ratio of -149.25, a PEG ratio of -0.08 and a beta of 2.40.

THG (LON:THG - Get Free Report) last announced its quarterly earnings results on Thursday, September 11th. The company reported GBX (0.05) earnings per share for the quarter. THG had a negative net margin of 11.77% and a negative return on equity of 24.45%. Research analysts anticipate that THG Plc will post -6.7170435 EPS for the current year.

THG Company Profile

THG (www.thg.com) is a global innovator revolutionising how brands connect to a worldwide consumer base. We are transforming how consumer brands go to market in the digital age. We have built a portfolio of leading digital beauty, health, wellness, and sports nutrition brands that are capitalising on the global growth opportunities, supported by the accelerating consumer shift to the e-commerce channel. THG is home to three key divisions: Beauty, Nutrition, and Ingenuity.